9. Invest because you saw a property that looks good
The decision to become an investor should come about because you decide property is the right asset class for you, and you then do a lot of independent research and get educated. If you first consider becoming a property investor because you saw an ad for a property, or went to a home show, what are the chances that the property you are being shown suits your personal risk profile, personal needs for income and growth, time till retirement AND is also in the best possible area to invest in, at that very moment in time? You should only buy property after you have learned how to do so well, and know what type of property suits you – then you can go out and source it. If you see a property and then decide you should become an investor, it’s highly likely you are buying a property not suitable for you.